Binance to Pay $4.3B to Settle U.S. Accusations; Changpeng 'CZ' Zhao Resigns as CEO and Pleads Guilty in Seattle

Under the terms of its plea, Binance will have to appoint an independent compliance monitor for three years and report its compliance efforts to the U.S. government, alongside the fines. Zhao is prohibited from „any present or future involvement in operating or managing“ Binance, though that ban ends three years after the monitor is appointed.